Typically, variable overhead costs tend to be small in relation to the amount of fixed overhead costs. Variable overhead costs can change over time, while fixed costs typically do not. Utilities such as electricity and gas used in the production process also fall under variable overheads. Variable Overhead Efficiency Variance Formulas and Examples Let’s say […]

Raw materials, labor, and commissions might be few examples of the costs incurred by an organization. It is the contrary scenario from fixed costs where, those costs would be incurred irrespective of the output of the organization. Organizations use variable costing calculator to determine profitability of the product. While variable costs are generally thought of […]

You need to record both direct and indirect costs if you want to track and spend efficiently. With the steps in this guide, you have everything you need to do construction accounting for your company the right way. For those looking to streamline their operations further, explore our post on the best construction apps to […]

In most industries, commissioned contractors get paid upon delivery of a product or service. How Construction Bookkeeping Services Can Streamline Your Projects Revenue recognition is how a a business determines when they’ve officially earned revenue from a contract or project. This can make it difficult to track expenses and effectively calculate the profit generated from […]

While these benefits can be enticing, it’s essential not to overlook the potential pitfalls of using financial leverage. There’s no single formula for leverage — investors and analysts use various ratios to measure leverage. A 20 percent drop to $160 per share would mean your holdings are only worth $16,000. You’d lose money on your […]

By utilizing borrowed funds, companies can invest in growth opportunities that may yield higher returns than the cost of the debt. This strategic use of leverage allows firms to amplify their earnings per share and overall return on equity, making them more retained earnings attractive to investors. Financial leverage refers to the use of borrowed […]

Learn about what the Chart of Accounts is and how it is used on transactions along with different parts of the Chart of Accounts. Find out how the Chart of Accounts is used to build financial statements. Learn how to send reminders to customers when invoices are overdue, and also how to set up batch […]

Learn about how manage inventory products and how to create an inventory product in QuickBooks Online. Learn about the different ways you can record your spending, how to record and categorize your spending and the difference between bills, bill payments, expenses, and checks in QuickBooks. Paperwork can be intimidating, but it doesn’t have to be […]

Likewise, a falling backlog might be a portentous sign of lagging demand but may also signify improving production efficiency. Naturally, unexpected backlogs can compromise forecasts and production schedules. Sometimes, what seems like a solid, carefully considered idea to one person, may not make much sense to another. Continuous refinement In Agile frameworks, a product backlog […]

By capturing the user’s needs, user stories ensure the development process remains aligned with what matters most — creating a product that solves real problems. Engaging in regular and thorough backlog refinement sessions with the project team can facilitate improved alignment and prioritization of tasks. Real-time updates are essential to ensure that the backlog accurately […]